Codestone

Category: Support & Managed Services

The outsourced IT market is likely to see "robust" growth in the coming year, according to global software firm Tata Consultancy Services (TCS).

TCS chief executive N Chandrasekaran told reporters that demand for managed services are "good and getting better", as companies from multiple industries seek to increase their IT spending, reports newswire IANS.

He noted the popularity of outsourced IT in the US is currently higher than it was last year, while Europe is also seeing a recovery in its level of investment in IT support services.

Mr Chandrasekaran cited the financial, retail, pharmaceutical and technology sectors as industries that are investing in IT, with demand also rising in the manufacturing field.

"As IT products and services drive efficiencies and businesses of enterprises worldwide, we are seeing multi-year deals happening and new projects on anvil," he said.

This comes after a report from Everest Group last month also suggested a rise in demand for outsourced IT, spurred on by the recovery of the global economy.

Posted by Lara Ward